Sensex Surges, Nifty above 8,600

Sensex Surges 231 Points, Nifty above 8,600 on Fund Inflows 

Market benchmark sensex rallied over 231 points to 27,945.40 and its counterpart NSE Nifty regained the 8,600-mark in early session today on a fresh spell of buying in select blue-chips by investors amid sustained foreign fund inflows. Besides, a firming trend in rest of Asia after the Bank of England announced a interest rate cut and fresh stimulus package to counter the fallout from Britain's vote to quit the European Union also lifted sentiment here, brokers said.  

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The 30-share index was trading up 231.03 points, or 0.83%, at 27,945.40, with all sectoral indices led by metal, banking, auto, PSU and power staying in the green, rising by up to 1.25%. The gauge had gained 16.86 points in the previous volatile session. The NSE Nifty-50 index was trading higher by 78.15 points, or 0.91%, at 8,629.25. Investors sentiment also got a boost after the long-pending indirect tax reform Goods and Services Tax (GST) Constitutional Amendment bill was passed by Rajya Sabha on Wednesday.  

Meanwhile, Moody's investors Service yesterday said the GST implementation will be positive for the country's economic growth without any significant impact on inflation.Hong Kong's Hang Seng climbed 1.31 per cent while Japan's Nikkei was up 0.28 per cent in early trade today. China's main Shanghai Composite, however, shed 0.20 per cent. The US Dow Jones Industrial Average ended 0.02 per cent lower in yesterday's trade.

Nifty Trading Tips Today & Trends By CapitalHeight

Nifty may open up; Asia mixed oil up before US contract expiry.

Asia markets were trading mixed after US equities squeezed out gains overnight. The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

The SGX Nifty, trading 9.00 points up at 7720.00 at 7.38 AM, on Tuesday indicates a marginally positive opening for the 50-share Nifty.

Asian markets were trading mixed after US equities squeezed out gains overnight. 

The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

CH GOOD MORNING NIFTY TREND: BULLISH NIFTY SPOT LEVELS SUPP 1: 7620 SUPP 2: 7515 RES 1: 7750 RES 2: 7870 CH BANK NIFTY TREND -BULLISH BANK NIFTY FUTURE LEVELS SUPP 1: 15720 SUPP 2: 15340 RES 1: 15990 RES 2: 16230

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Nifty Market Trend Analysis & News by CapitalHeight

 The market may open sharply higher tracking firmness in Asian stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 88.50 points at the opening bell. The market has opened higher on Fed's move. The Sensex is up 230.07 points or 0.9 percent at 24912.55 and the Nifty is up 70.40 points or 0.9 percent at 7569.15. About 616 shares have advanced, 124 shares declined, and 19 shares are unchanged.

Nifty Market Trend for Today-

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7415; SUPP 2: 7350

RES 1: 7580; RES 2: 7635

CH BANK NIFTY TREND -BULLISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 15350; SUPP 2: 15080

RES 1: 15860; RES 2: 16180

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Daily Nifty Market News & Level-18 December 2015

Nifty Support & Resistance Levels

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 771

SUPP 2: 7630

RES 1: 7865

RES 2: 7930

Nifty opens below 7850, Sensex weak; Bajaj Auto, TCS drag Bajaj Auto, Vedanta, TCS, M&M and Dr Reddy's Labs are major losers while HDFC, NTPC, Maruti and Hindalco are top gainers in the Sensex.
Equity benchmarks ended at two-week closing high on Thursday, tracking rally in global peers after the first Fed rate hike in almost a decade. Nifty future up by 98 points to close at 7856.

The 30-share BSE Sensex up 309 points at 25803. The market breadth was strong as about 1946 shares advanced against 751 declining shares on the BSE.

India has ranked a low 97th out of 144 nations, behind Kazakhstan and Ghana, on Forbes' annual list of the best countries for business in 2015, scoring poorly on metrics like trade and monetary freedom and tackling challenges like corruption and violence.

Shares of Aurobindo Pharma up 1.5 percent on getting approval from USFDA for anti-diarrheal and anti-inflammatory drugs.

The Indian rupee reversed its some gains seen in previous session. The currency has opened at 66.48 per dollar on Friday, down 6 paise compared to 66.42 a dollar in previous session. It ended at over 3-week closing high yesterday.

F&O cues: Nifty 7700 Call sheds 7.5 lakh shares in OI

Nifty 7700 Call sheds 7.5 lakh shares in Open Interest (OI) on December 17

Nifty 7800 Call sheds 6.3 lakh shares in OI

Nifty 7900 Call sheds 6.3 lakh shares in OI

Nifty 7400 Put sheds 21 lakh shares in OI

Nifty 7500 Put sheds 23 lakh shares in OI
Nifty Technical Overview:

Nifty futures opened on positive note and witnessed slight correction in morning session to take support at 7750 and bounced back sharply in later part of the day to test the level of 7850. Tomorrow if it sustain above 7800 then it expected to show bullish movement up the level of 7900.

Bank Nifty Technical Overview:

Bank Nifty futures opened on positive note and witnessed slight downside movement in earlier session to take support at 16500 and bounced back sharply in later part of the day and test major resistance of 16800. If it sustain above 16700 then it is expected to test the level of 16900.

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